Michael Saylor, chairman and co-founder of MicroStrategy, recently conducted a poll within the crypto community to gauge expectations about Bitcoin’s future appreciation. The results revealed significant bullish sentiment despite the current downturn in Bitcoin’s price.

Nearly half of the respondents, 48.8%, expressed the belief that Bitcoin could appreciate annually by 40% over the next decade. This optimistic outlook underscores a strong confidence in Bitcoin’s long-term growth potential, despite short-term market fluctuations.

The poll also showed that 22.4% of participants expect Bitcoin to appreciate annually between 10% to 19%, while 18% anticipate an annual increase of 20% to 29%. Additionally, 10.8% predict a substantial growth rate of 30% to 39% per year.

These findings highlight a prevailing sentiment among crypto enthusiasts that Bitcoin will continue to rise significantly in value over the coming years, potentially reaching new highs.

However, Bitcoin recently faced downward pressure, trading around $61,076 after dropping to lows near $60,000. This reflects one of the cryptocurrency’s toughest weeks in 2024, driven by decreased demand for Bitcoin exchange-traded funds (ETFs) and concerns over monetary policy, particularly from the Federal Reserve.

Despite short-term challenges, Saylor’s poll captures the broader optimism within the crypto community regarding Bitcoin’s role as a store of value and investment asset. It suggests a belief that ongoing developments and adoption in the cryptocurrency space will continue to support Bitcoin’s long-term growth trajectory.